Car Insurance in New Mexico
- GEICO offers the cheapest liability and full coverage auto insurance for most drivers in NM
- Compare the cheapest car insurance quotes in NM from Progressive, Allstate, Liberty Mutual and Nationwide (+ other top companies)
Car insurance quotes in New Mexico
The average cost of full coverage car insurance in New Mexico is $1,015 for a six-month policy, which is 7% cheaper than compared to the national average.[1] For those looking to save, USAA offers the lowest rates for both liability and full coverage—but keep in mind it's only available to military members and their families. But for most drivers, GEICO is the best bet for affordable coverage.
- GEICO is the best option ($120/month) for cheap full coverage in New Mexico. If you qualify for USAA membership, coverage is available $107/month).
- See the other cheapest full coverage insurance companies and best discounts in New Mexico ↓
- GEICO is the cheapest choice for most drivers at $37/month. USAA is more affordable at about $25/month, but is available to fewer drivers overall.
- Read about the rest of the top and best companies in New Mexico ↓
- State Farm scores very well for companies in the Southwest region on J.D. Power's 2024 auto study.[3]Â If you're eligible for USAA, however, they are a great option.Â
- Read about the rest of the top and best companies in New Mexico ↓
- The Zebra used third-party reviews from J.D. Power and AM Best, as well as thousands of customer ratings in New Mexico, to name State Farm the best overall company for New Mexican drivers. Although USAA does score higher in certain areas, it isn't available to as many drivers.
- Read more about why we've ranked State Farm as a great fit for many New Mexico ↓
Full coverage car insurance in NM
In 2025, the average cost of a full coverage car insurance policy in New Mexico is $1,015 for a six-month term. Full coverage remains a popular choice, with 55% of The Zebra’s New Mexican customers opting for this more comprehensive protection.[2]
While full coverage may not always be as affordable as drivers would like, those seeking the best rates should consider starting their search with quotes from GEICO or USAA, both of which consistently offer competitive pricing.
Updating data...
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| USAA | $618 | $103 |
| GEICO | $721 | $120 |
| Progressive | $955 | $159 |
| State Farm | $1,116 | $186 |
| Nationwide | $1,168 | $195 |
| Farmers | $1,279 | $213 |
| Allstate | $1,605 | $267 |
Source: The Zebra
The Zebra’s Dynamic Insurance Rating Tool data methodology
The Zebra’s Dynamic Insurance Rating Tool for home and auto insurance rates utilizes the latest ZIP code-level rate filings from across the U.S., sourced from Quadrant Information Services and S&P Global. These filings, typically updated annually or biennially by insurers, are verified through Quadrant’s QA process and then integrated into The Zebra’s estimator.
The displayed rates are based on a dynamic home and auto profile designed to reflect the content of the page. This profile is tailored to match specific factors such as age, location, and coverage level, which are adjusted based on the page content to show how these variables can impact premiums.
For a comprehensive understanding, see our detailed methodology.
Zebra Tip: Look for these discount options
- Payment methods:Â Advance purchase, electronic bill pay, pay-in-full
- Driver discounts: Bundling (multi-policy), multi-car, good driver, good student, homeowner, military
- Vehicle discounts:Â New vehicles, safety devices (consider telematics), anti-theft devices
Compare car insurance rates from the best companies in New Mexico.
Cheap liability insurance in New Mexico
Updating data...
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| USAA | $148 | $25 |
| GEICO | $223 | $37 |
| Progressive | $244 | $41 |
| State Farm | $301 | $50 |
| Nationwide | $397 | $66 |
| Allstate | $436 | $73 |
| Farmers | $452 | $75 |
Source: The Zebra
Our data indicates that 45% of New Mexico drivers opt for liability-only coverage for their vehicles. New Mexico mandates minimum liability limits of 25/50/10, which means $25,000 per person and $50,000 per accident for bodily injury, and $10,000 for property damage per accident. In addition to state minimum requirements, many New Mexico drivers consider optional coverage like uninsured/underinsured motorist protection. Refer to the detailed guidelines for a more comprehensive explanation of New Mexico's car insurance limits and regulations.
New Mexico's minimum liability limits are similar to those in other states, but they may not be enough to fully cover a serious accident, especially if multiple vehicles are involved. If your car is worth more than $4,000, it’s usually a good idea to have full coverage so you can handle any damage to your own vehicle—liability only covers the other party’s vehicle and injuries.
If you decide to stick with just the state minimum, consider adding uninsured motorist coverage (UMBI and UMPD). This can help protect you in case you’re in an accident with an uninsured driver, which is a real concern in cities like Albuquerque, where the number of uninsured drivers tends to be higher. You don't want to face huge out-of-pocket costs due to lack of coverage.
Beth Swanson, content specialist at The Zebra
Updating data...
| Company | Liability Coverage | Full Coverage |
|---|---|---|
| USAA | $136 | $629 |
| State Farm | $166 | $701 |
| GEICO | $196 | $731 |
| Nationwide | $212 | $733 |
| Allstate | $290 | $1,486 |
| Progressive | $330 | $1,141 |
| Farmers | $355 | $966 |
Source: The Zebra
What are the best car insurance companies in New Mexico?
We’ve ranked State Farm as the top car insurance company in New Mexico based on consumer feedback, third-party ratings from sources like J.D. Power, Trustpilot, and AM Best, as well as factors like discounts and coverage options.[4]
While USAA offers outstanding customer service and some of the lowest rates in New Mexico, its availability is restricted to military members. As a result, State Farm stands out as our top pick for most drivers. Below, we’ve outlined the pros and cons of State Farm, along with other highly-rated insurance providers in New Mexico. These companies each have strengths depending on your needs, so comparing quotes and coverage is a good idea to find the best fit for your specific situation in New Mexico. Remember that just because a certain company is cheap, doesn't mean it's the best fit for you.
State Farm offers a good balance of customer service and coverage options. It is ideal for those looking for solid customer support and customizable policies. State Farm also offers a wide range of discounts, including for good drivers and bundling policies.[3]
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Available nationwide
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Local agents
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Highly ranked for customer service
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Variety of products and services
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Fewer rural offices
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Home insurance may be more expensive
Best car insurance in New Mexico — honorable mentions
To determine the best companies, we compared J.D. Power Auto ratings and consumer reviews collected from nearly 3,000 drivers across New Mexico and the US.
Car insurance in popular New Mexico cities
Where you live in New Mexico plays a major role in determining your car insurance costs. In larger cities like Albuquerque and Santa Fe, higher traffic and more claims tend to drive up rates.
This is also true for areas prone to natural disasters, such as wildfires. According to the Insurance Information Institute, New Mexico ranks among the top ten states at risk for wildfire damage to homes—and that risk extends to vehicles, especially those parked nearby. In 2022 alone, New Mexico saw over 800,000 acres burned, ranking second in the nation.[5] Carrying comprehensive coverage to protect your vehicle from fire or flooding may be the best choice when selecting your insurance, depending on your budget.
Updating data...
| City | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Las Cruces | $935 | $156 |
| Roswell | $1,027 | $171 |
| Santa Fe | $1,035 | $172 |
| Rio Rancho | $1,089 | $182 |
| Albuquerque | $1,186 | $198 |
Source: The Zebra
New Mexico auto insurance quotes after an accident or ticket
Updating data...
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| USAA | $896 | $149 |
| GEICO | $1,141 | $190 |
| State Farm | $1,385 | $231 |
| Progressive | $1,466 | $244 |
| Farmers | $1,764 | $294 |
| Nationwide | $1,981 | $330 |
| Allstate | $2,133 | $356 |
Source: The Zebra
Zebra tip: Don't forget about claims satisfaction
While it's ideal to never need your insurance, a hassle-free claims experience is essential if you do. In our 2024 Customer Satisfaction Survey, we reviewed the experiences of those who filed claims, and USAA stood out as the top performer, making it an excellent option for military members in New Mexico. For those who aren’t eligible for USAA, State Farm and Allstate also ranked highly for claims satisfaction, making them strong alternatives.[4]
In New Mexico, like most places, a bad driving record can really make your insurance rates skyrocket. If you get a ticket, expect your premiums to go up, but how much depends on the type of violation, your insurer, and local rules. That’s why tickets can affect your rates differently depending on where you live—a violation here might hit your wallet harder than in another state. So, driving carefully and avoiding those costly surprises is always a good idea!
Source: The Zebra
The Zebra's guide to New Mexico car insurance laws for high-risk drivers
Some violations, like a DUI or driving without insurance, can result in more serious and complex insurance consequences. To help you understand these situations better, we’ve provided more details about New Mexico's car insurance laws and regulations below. For further information on the state's insurance requirements, be sure to check out our comprehensive guide to New Mexico car insurance.
New Mexico DUI laws
In New Mexico, a DUI offense can increase your annual car insurance premium by an average of 93%. That’s almost $1,900 dollars more per year than the state average. Finding affordable auto insurance in the wake of a DUI violation isn’t simple. In fact, a DUI often brings about a bigger premium increase than any single road violation — more than an at-fault accident, racing, or reckless driving.
Low-cost car insurance after a DUI in New Mexico
If you're convicted of a DUI or DWI violation in New Mexico, it’s key to mull over each of your insurance choices carefully. Auto insurance premiums following a DUI can vary substantially by insurer. For example, the least expensive car insurance company with a DUI in New Mexico, State Farm's annual rates are significantly less than the statewide average insurance rate with a DUI, coming in a full 57% lower. The second-cheapest insurer for auto insurance after a DUI in New Mexico is Progressive, while the priciest firm is Allstate, with prices 15% above average.
Updating data...
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| State Farm | $845 | $141 |
| Progressive | $1,144 | $191 |
| Farmers | $1,191 | $198 |
| USAA | $1,192 | $199 |
| Nationwide | $1,297 | $216 |
| GEICO | $1,425 | $238 |
| Allstate | $1,693 | $282 |
Source: The Zebra
No single car insurer consistently offers the most affordable rates for DUI-related insurance. The key to saving after a DUI citation is to shop around. You can compare and buy car insurance online or work with an insurance agent to explore your options and find a policy that fits your budget.
Learn more about car insurance and how DUI infractions impact rates.
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New Mexico SR-22 insurance
An SR-22 is a routine legal requirement triggered by a violation such as a DUI conviction, a ticket for driving without insurance, an at-fault collision, driving with a suspended license, or accumulating too many points on your license. It is not a type of insurance policy, but a form issued by your insurance company to ensure that you remain insured. Most states require an SR-22, but New Mexico is one exception. The state of New Mexico does not require you to file an SR-22 in order to apply for insurance.Â
If you move from a state that requires an SR-22 to a state that does not, you will typically still need to follow the requirements of the state that first required you to file an SR-22.
Cheap auto insurance for teens and young drivers in New Mexico
Young drivers, especially those between 16 and 25, face extremely high auto insurance rates, with teens aged 16-19 paying the highest premiums. Due to the increased risk associated with inexperienced drivers, teens often pay more than three times the national average for car insurance. This means teens can expect to pay over 100% more than drivers in their 20s and nearly 200% more than those in their 30s.
Luckily for those in New Mexico, teen drivers’ rates are nearly on par with the national average for their age group, coming in at $2,644 for a six-month policy or $441 per month. For more affordable options, GEICO and USAA tend to offer the best rates for teen drivers.
Updating data...
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| USAA | $1,784 | $297 |
| GEICO | $1,825 | $304 |
| Nationwide | $3,526 | $588 |
| Progressive | $3,684 | $614 |
| State Farm | $3,801 | $634 |
| Allstate | $4,422 | $737 |
| Farmers | $5,907 | $985 |
Source: The Zebra
Updating data...
| Company | Avg. 6 Mo. Premium | Avg. Monthly Premium |
|---|---|---|
| Farmers | $7,834 | $1,306 |
| Allstate | $5,321 | $887 |
| State Farm | $5,045 | $841 |
| Progressive | $4,922 | $820 |
| Nationwide | $3,998 | $666 |
| USAA | $2,652 | $442 |
| GEICO | $2,229 | $372 |
Source: The Zebra
Zebra tip: 3 ways young drivers can save on car insurance
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Take a Defensive Driving Course: Qualify for discounts and reduce accident risk.
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Choose a Safe, Affordable Car: Opt for a car with good safety ratings and low repair costs.
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Stay on a Parent's Policy: Save money and benefit from their insurance history.
Find an affordable policy in New Mexico in minutes!
How have car insurance costs in New Mexico changed?
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| Year | Avg. Annual Premium | Yearly Change |
|---|---|---|
| 2024 | $2,030 | $316 |
| 2023 | $1,714 | $86 |
| 2022 | $1,628 | $253 |
| 2021 | $1,375 | $101 |
| 2020 | $1,274 | -$83 |
| 2019 | $1,357 | -$39 |
| 2018 | $1,396 | -$400 |
| 2017 | $1,796 | $234 |
| 2016 | $1,562 | -$323 |
| 2015 | $1,885 | $216 |
If your rates are increasing more quickly than the state average, it’s a good idea to shop around and compare quotes for a better deal. The Zebra's car insurance comparison tool provides personalized quotes based on your profile. Just enter your ZIP code below to begin exploring your options.
New Mexico car insurance FAQs
Below you'll find answers to some of the most commonly asked questions regarding New Mexico auto insurance.
Save money on your next car insurance policy!
Data Methodology. The Zebra’s Dynamic Insurance Rating Tool
Anonymized User Surveys. The Zebra
2024 U.S. Auto Insurance Study. J.D. Power
2024 Customer Satisfaction Survey. The Zebra
Facts + Statistics: Wildfires. Insurance Information Institute
Recent questions about insurance in New Mexico
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.